Shocked beyond belief Shocked beyond belief
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    Default Shocked beyond belief

    Shock jump in UK inflation to 2.7pc - Telegraph





    What sort of super human mind could ever had foreseen this happening?

    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

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    Quote Originally Posted by DimPrawn View Post
    Shock jump in UK inflation to 2.7pc - Telegraph





    What sort of super human mind could ever had foreseen this happening?

    Still seems low, so I suspect the figures are being massaged as usual.

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    Quote Originally Posted by Bunk View Post
    Still seems low, so I suspect the figures are being massaged as usual.
    It's based mostly on last years fashion items, which funnily enough always seem to get cheaper.

    One day they might include rents, fuel, food that sort of stuff people have no real use for.
    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

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    Quote Originally Posted by Bunk View Post
    Still seems low, so I suspect the figures are being massaged as usual.
    Looks very high to me - given that the economy is flatlining. I suppose its the result of QE.

    However I reckon the government would prefer high inflation. Get rid of debt.

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    Ultimately it comes down to how much money they're printing. I suspect it's a lot higher than 2.7%, certainly feels like it.

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    Quote Originally Posted by DimPrawn View Post
    It's based mostly on last years fashion items, which funnily enough always seem to get cheaper.

    One day they might include rents, fuel, food that sort of stuff people have no real use for.
    Quote Originally Posted by Robinho View Post
    Ultimately it comes down to how much money they're printing. I suspect it's a lot higher than 2.7%, certainly feels like it.
    Good to see we've got the A-team on the case.
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    Do you disagree that it ultimately comes down to the monitory base?

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    Quote Originally Posted by Robinho View Post
    Do you disagree that it ultimately comes down to the monitory base?
    I'm unsure what exactly what base is monitoring, but going back to your earlier point about printing money...

    Printing money / money supply has an effect on inflation. Other factors have an effect on inflation - global commodity prices for example. It is simplistic and inaccurate to say that it ultimately comes down to one thing or the other. The world is more complex.

    But carry on as you were.
    The material prosperity of a nation is not an abiding possession; the deeds of its people are.

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    http://en.wikipedia.org/wiki/Postman's_Park

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    Quote Originally Posted by speling bee View Post
    I'm unsure what exactly what base is monitoring what, but going back to your earlier point about printing money...

    Printing money / money supply has an effect on inflation. Other factors have an effect on inflation - global commodity prices for example. It is simplistic and inaccurate to say that it ultimately comes down to one thing or the other. The world is more complex.

    But carry on as you were.
    Another one up to their eyes in debt, glad for the QE to keep their debt cheap I suspect.
    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

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    Quote Originally Posted by speling bee View Post
    I'm unsure what exactly what base is monitoring, but going back to your earlier point about printing money...

    Printing money / money supply has an effect on inflation. Other factors have an effect on inflation - global commodity prices for example. It is simplistic and inaccurate to say that it ultimately comes down to one thing or the other. The world is more complex.

    But carry on as you were.
    That is my point. Short term there are a lot of factors, long term it will come down to the monitory base.

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